Evolution Petroleum Corporation (NYSE:EPM) Receives $5.63 Consensus Target Price from Analysts

Evolution Petroleum Corporation (NYSE:EPM) has received a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $5.6250.

Several brokerages have issued reports on EPM. Loop Capital set a $5.30 price target on Evolution Petroleum in a research note on Tuesday, December 23rd. Roth Mkm assumed coverage on Evolution Petroleum in a report on Thursday, December 4th. They issued a “buy” rating and a $5.00 target price on the stock. Freedom Capital upgraded shares of Evolution Petroleum to a “strong-buy” rating in a report on Tuesday, December 23rd. Finally, Zacks Research raised shares of Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th.

Hedge Funds Weigh In On Evolution Petroleum

Several institutional investors have recently modified their holdings of the business. Comerica Bank increased its position in Evolution Petroleum by 894.0% in the third quarter. Comerica Bank now owns 6,908 shares of the company’s stock worth $33,000 after buying an additional 6,213 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Evolution Petroleum by 163.4% in the third quarter. BNP Paribas Financial Markets now owns 8,194 shares of the company’s stock valued at $39,000 after purchasing an additional 5,083 shares during the period. Franklin Resources Inc. purchased a new stake in shares of Evolution Petroleum during the 3rd quarter valued at approximately $53,000. Regent Peak Wealth Advisors LLC bought a new stake in Evolution Petroleum during the 3rd quarter valued at $57,000. Finally, Kathmere Capital Management LLC bought a new position in shares of Evolution Petroleum in the third quarter worth $60,000. 60.07% of the stock is owned by institutional investors.

Evolution Petroleum Stock Performance

NYSE EPM opened at $3.79 on Friday. The company has a market capitalization of $132.65 million, a price-to-earnings ratio of 75.82 and a beta of 0.29. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.52. Evolution Petroleum has a twelve month low of $3.19 and a twelve month high of $5.70. The stock has a fifty day simple moving average of $3.73 and a 200 day simple moving average of $4.44.

Evolution Petroleum Company Profile

Evolution Petroleum Enterprises, Inc (NYSE:EPM) is an independent oil and gas company focused on acquiring, developing and producing petroleum and natural gas assets in the United States. Through a strategy centered on high-margin, mature fields, the company targets properties where enhanced recovery techniques can unlock remaining reserves, offering stable production and cash flow potential.

The company’s principal activities revolve around carbon dioxide (CO₂) enhanced oil recovery (EOR) operations.